The Truth About DAY TRADING FOR LIVING

We hate to be a bearer of bad news, but you can't trade 2 hours a day and make money. At least not until you are many years in your career and you know exactly what you are looking for and even that is a challenge.

With trading, the opportunities come and go. Unfortunately, you don't know when those opportunities are going to come. What time, what day, under what occasion.

If you have only 3hours a day, devote those three hours to trading and accept, that for days or weeks, the best opportunities might come simply outside of your three hours window.

Trading opportunities come in batches and are not spread out evenly. If you accept that, it will be easier for you to accept slower progress.

#DayTrading #Trading #Opportunity

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Contacts:
Demetris Mavrommatis – Co-Founder, Head of Trading
Alex Haywood – Co-Founder Head of Strategy

[SammywiseG]

A good example is my last 2 days. Yesterday I was able to find good trades to reach my profit goals within the first hour of market open and today it took me 6 hours. You never know when the golden opportunities are going to present themselves especially if you made a couple of mistakes and are patiently digging yourself out of a hole without compounding those mistakes.

[derekwfrazier]

830 CST is momentum trading, after that, is position searching, 1030 CST I call revelation hour, as that is when cyclical anomalies begin to show

[axiatrader]

If you live in Europe it makes sense to trade all day, because it has two sessions (European and American), but those of us who live in America don't make much sense, because we only have the American session, and the best volume is at 7:30 am. at 10:00 (ES) and in some cases until 12:00, which the FED normally speaks. In the end, your argument is based on European traders.

[paulbrown]

What you can perhaps do, is trade until you have made X pounds. Then stop for the day. Maybe that happens in 1 hour. Great!

[davidalpheaus]

So day trading with a day job (where I can check the markets) is basically impossible ? Even when using the axia type strategy of defining key levels on the hourly chart and execution and triggers on the 5 min chart (executing off my phone at work) or even when I use a limit order ? Should I then swing trade instead ? And if I swing trade I use the daily for key levels but what time frame do I use to trigger and execute ? Thanks for the Help Richard if you see this.

[GeorgiZahariev]

Bur aren't many pros trading only the open or the closing of the markets for example? I have heard many success stories of people who only trade the first 2 hours after the market opens...